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ALTACITIES TODAY 2.24.18

‘Solar eclipse’ for California HOAs ★ AB-634
What does the average California solar installation cost?
SLIDESHOW ▶ https://goo.gl/njrdem

▶ In CA, the total average cost of an installed residential solar (PV) system is about $16,950 for a four-kilowatt system, the average size of a residential installation.

But since we are among 182 owners in the unique Cobblestone Canyon (condos) of Trilogy Glen Ivy, it stands to reason the average-capacity system would not meet our needs here.

But even if it did and we could reasonably move through the HOA approval hurdles (see attached report), the amortization of such a system seems well beyond reach.

Let’s assume a solar system could drop our monthly bills to zero. For 2017, our monthly SCE bills averaged $58.30, or 644.21 for the year. My simple math calculation means it would take 26 years to amortize a $16,950 solar system. 

Simply observing that this idea is not in the cards at this time even though a new California law (AB-634) grants more liberality for homeowners in HOA and restricts HOA boards from ”overreach” to control and limit homeowner options for solar installations. ▶ http://docdro.id/uQlrB6z  


* As of the end of 2016, the average cost of solar panels in the state of California was $3.39 per watt. Since the average system size in the U.S. is 5 kilowatts (5,000 watts), the average price for a solar panel system in CA is $16,950 before any local incentives or the federal tax rebate (ITC). ▶ https://goo.gl/pNpeBV

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“For many, the first home they purchase is a condo. What seems like an apartment that you own, in fact, comes with a lot more responsibilities than a single-family home as you and your neighbors are sharing walls, floors, and other common areas. The ‘COA’ Book covers all of the common issues with condos and condominium ownership presented in easy-to-follow question and answer format. It addresses the unique and specific type of home ownership that comes with buying and owning a condo. It also covers your rights and responsibilities as a condo owner and as a member of a homeowners association.” ▶ https://goo.gl/uF2T23  ▶ http://altacities.com 



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The Condo Owner's Answer Book

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